NAFCU Credit Union Policy Podcast

Mark Treichel, former NCUA Executive Director and Examiner offers a detailed discussion of the NCUA’s examination process, priorities, modernizations, and recent guidance related to examinations. Plus, he covers what to expect from the agency’s supervisory priorities in 2023. Key Takeaways: Hear about recent trends in NCUA examinations. Understand the impact of the agency’s shift to virtual exams and the future of exams. Learn about the successes and challenges of implementing the Modern Examination Risk Identification Tool (MERIT). Gain insight into potential topics on the NCUA’s list of supervisory priorities for 2023. Mark Treichel is a former NCUA Executive Director and Examiner. He is on a mission to assist credit union CEOs with NCUA, so they save time and money. He also hosts his podcast, “With Flying Colors,” and writes a newsletter on examination-related topics.

Join NCUA Board Member Rodney Hood in a discussion about the importance of building strategic partnerships with fintech companies to provide products and services to your member. Explore how the NCUA is thinking about fintech and working to help your credit union incorporate new solutions to grow and remain competitive in today’s rapidly evolving marketplace. Key Takeaways: Delve into Board Member Hood’s views on why credit unions cannot ignore fintech Learn about the plans for NCUA’s new Office of Innovation and Access as well as other initiatives Examine what types of regulatory clarity may be necessary for fintech-credit union partnerships to thrive President Donald J. Trump nominated Rodney E. Hood for the NCUA Board on January 19, 2019. The U.S. Senate confirmed him on March 14, 2019, and he was sworn in as the eleventh NCUA Chairman on April 8, 2019. Mr. Hood served as the NCUA’s Chairman until January 25, 2021. As a Board Member, Mr. Hood serves as the NCUA’s representative on the Board of Directors of NeighborWorks America, one of the nation’s leading affordable housing and community development organizations. This is his second time serving as the agency’s representative on the board of NeighborWorks.

Join John Coleman, Partner at Buckley, LLP and former Deputy General Counsel at the Consumer Financial Protection Bureau (CFPB) for a discussion on the recent decision from the Fifth Circuit Court of Appeals, which held that the CFPB is unconstitutionally funded. John delves into what this decision means for your institution and what to expect next from the CFPB. Key Takeaways: Examine the Fifth Circuit’s opinion, including unanswered questions Explore the potential next steps for the CFPB in appealing the decision Learn the implications of this decision for the CFPB’s supervisory and enforcement authority Review the political ramifications of this decision and its aftermath John R. Coleman (Partner), former Deputy General Counsel of the CFPB, recently joined Buckley LLP after 15 years of federal government service as a litigator and adviser to senior policymakers. He joined the CFPB soon after its creation in 2010 and was involved in every significant litigation matter in the agency’s history prior to his departure. As Deputy General Counsel, he managed a team of attorneys responsible for representing the Bureau in litigation, including appellate matters, and before congressional oversight bodies. He also advised the director and senior officials on legal, policy, and political risks.

Join Paul Davis, Director of Market Intelligence at Strategic Resource Management (SRM) in a discussion about Buy-Now-Pay-Later (BNPL) products and why exploring options to provide a BNPL product may be right for you and your members. Key Takeaways: Discover the basics of BNPL and the current market for these products Explore the risks and benefits of BNPL products Examine why credit unions should consider developing a BNPL product Paul Davis is Director of Market Intelligence at Strategic Resource Management, an advisory firm in Memphis. Paul has more than 20 years of experience covering the financial services industry. His background includes SNL Financial, where he was the news director and senior bank reporter, and American Banker, where he spent 11 years as editor of community banking. Paul formed American Banker’s CEO advisory board and developed a comprehensive social media platform for the Wake Forest University Schools of Business while earning his MBA. Paul has been featured as a speaker at the Federal Reserve, the American Bankers Association and FIS Global, and he has been regularly quoted by Investors Business Daily, NBC and NPR’s Planet Money regarding industry trends.

Join this sit down with Dan Coates, Deputy Director for the Division of Research and Statistics at the Federal Housing Finance Agency (FHFA), the regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. Dan discusses climate change risk, what it means for the housing finance market, and how the FHFA is managing this evolving issue. Key Takeaways: Examine the role of financial regulators, like the FHFA, in addressing climate change risk Discover how climate change may impact the housing supply and housing finance industry Explore potential solutions for ensuring the housing sector is equipped to manage climate risk Dan E. Coates serves as the Deputy Director of the Division of Research and Statistics (DRS) at the Federal Housing Finance Agency (FHFA). He is responsible for using economics, research, and data analytics to enhance FHFA's regulatory policy, supervision, and oversight. Coates previously served as Senior Advisor to the Acting Director. Before becoming a Senior Advisor in the Office of the Director, he served as a Senior Associate Director in FHFA's Division of Bank Regulation, where he led a team of economists and financial analysts.

Special guest Representative Ed Perlmutter (D-CO) discusses his work on the SAFE Banking Act and the importance of federal clarity for marijuana banking. Rep. Perlmutter also reflects on the role of grassroots advocacy and his time in Congress as his retirement approaches at the end of this year. Key Takeaways: Why Rep. Perlmutter has been focused on establishing regulatory clarity for financial institutions that service marijuana-related businesses How the SAFE Banking Act would resolve current regulatory uncertainty and its chances of passing and being signed into law The importance of grassroots advocacy in the legislative process Representative Ed Perlmutter (D-CO) In the 117th Congress, Ed is proud to serve on four committees in the House: Financial Services; Science, Space and Technology; Rules; and the Select Committee on the Modernization of Congress. On the Financial Services Committee, Ed serves as Chair of the Consumer Protection and Financial Institutions Subcommittee. Ed is also a member of the New Democrat Coalition which is focused on harnessing American ingenuity and innovation to create new jobs, greater economic prosperity and a safer and more secure future for our country.

Explore Freddie Mac’s initiatives related to appraisal modernization and eliminating appraisal bias during this in-depth discussion with Scott Reuter, Chief Appraiser and Director of Valuation, Single Family, Mortgage Credit Risk Management, at Freddie Mac. Key Takeaways: Examine Freddie Mac’s lessons learned from the pandemic related to appraisal modernization Review updates to the Uniform Appraisal Dataset (UAD) and appraisal reporting forms Analyze the benefits and risks of automated valuation models (AVMs) Explore the impacts of appraisal bias and how the industry can work together to eliminate appraisal valuation gaps Scott Reuter, Chief Appraiser and Director of Property Valuation, Single-Family Risk Management Division, Freddie Mac Scott Reuter is a Certified-General Appraiser with 30+ years of experience in valuation, appraisal and collateral risk management concerns. His team leads the effort for ongoing development and refinement of property valuation risk management strategies, underwriting products, and establishing and maintaining a credible quality assurance process across multiple lines of business support.

Join this sit-down with NCUA Vice Chairman Kyle Hauptman for an exploration of his thoughts surrounding digital assets and the underlying blockchain technology, and the current regulatory and legislative landscape. He’ll also discuss what your credit union needs to know about incorporating emerging technologies and offering members access to buy, sell, and hold digital assets. Key Takeaways: Explore how the NCUA is evaluating credit union member services related to digital assets and distributed ledger technology Investigate the benefits and risks of digital assets and related technologies Discover the future of digital assets and a potential Central Bank Digital Currency (CBDC) The Honorable Kyle S. Hauptman Kyle S. Hauptman was nominated to serve on the NCUA Board on June 15, 2020. The U.S. Senate confirmed him on December 2, 2020, and he was sworn in as a member of the NCUA Board on December 14, 2020. The NCUA Board approved his designation as Vice Chairman of the NCUA on December 18, 2020. Prior to his joining the NCUA Board, Mr. Hauptman served as Senator Tom Cotton’s (R-Arkansas) advisor on economic policy, as well as Staff Director of the Senate Banking Committee’s Subcommittee on Economic Policy.

Explore with NCUA Chairman Todd Harper what diversity, equity, inclusion, and belonging (DEIB) means, how the NCUA is adopting initiatives to promote DEIB and why it’s critical to your institution and the credit union community. Todd M. Harper was nominated to serve on the NCUA Board on February 6, 2019. The U.S. Senate confirmed him on March 14, 2019, and he was sworn in as a member of the NCUA Board on April 8, 2019. President Joseph R. Biden, Jr., designated him as the NCUA’s twelfth Chairman on January 20, 2021. On June 8, 2022, the U.S. Senate by a vote of 59 to 40 confirmed Mr. Harper to be a Member of the NCUA Board for a term expiring on April 10, 2027. Key takeaways: The basics of diversity, equity, inclusion, and belonging A discussion of Chairman Harper’s recent remarks at CU Pride Leadership Conference How the agency is promoting DEIB and why

Learn more about lobbying and what exactly NAFCU does when we’re advocating to level the playing field on behalf of credit unions. We’ll also talk about key substantive advocacy issues NAFCU is focused on today that promote credit union growth.